Data shows most Saudi Arabia project contracts awarded in Eastern Region
Saudi Arabia’s Eastern Province accounted for the highest share of awarded contracts during Q1 2024, amounting to $14.2 billion (SAR53.1 billion) of the total $31 billion awarded in the same period.
According to a report by U.S.-Saudi Business Council, 45% of all projects awarded in the entire kingdom across various sectors were for projects located in the Eastern Province.
The oil & gas sector accounted for the highest share as 12 contracts were awarded worth $12.3 billion (SAR46.1 billion) or 87% of the Eastern Province’s total, according the report.
$31bn Saudi contracts awarded in 2024, mainly for oil & gas, real estate
The real estate sector attracted 12 contracts worth $1.1 billion (SAR4.2 billion) or 8% of the total in Q1 2024.
Looking to tap into KSA's dynamic market? Contact us at partners@novarabia.com.
Source:Saudi Arabia’s Eastern Province accounted for the highest share of awarded contracts during Q1 2024, amounting to $14.2 billion (SAR53.1 billion) of the total $31 billion awarded in the same period.
According to a report by U.S.-Saudi Business Council, 45% of all projects awarded in the entire kingdom across various sectors were for projects located in the Eastern Province.
The oil & gas sector accounted for the highest share as 12 contracts were awarded worth $12.3 billion (SAR46.1 billion) or 87% of the Eastern Province’s total, according the report.
$31bn Saudi contracts awarded in 2024, mainly for oil & gas, real estate
The real estate sector attracted 12 contracts worth $1.1 billion (SAR4.2 billion) or 8% of the total in Q1 2024.
Looking to tap into KSA's dynamic market? Contact us at partners@novarabia.com.
Source: https://www.constructionweeksaudi.com/news/data-shows-most-saudi-arabia-project-contracts-awarded-in-eastern-region
